ANALISIS IMPLIKASI STRUKTUR KEPEMILIKAN TERHADAP KINERJA FINANSIAL (STUDI KASUS PRIVATISASI DAN STOCK BUYBACK PADA BUMN GO PUBLIC SEKTOR KONSTRUKSI)

YUNIARTO, AGUS (2010) ANALISIS IMPLIKASI STRUKTUR KEPEMILIKAN TERHADAP KINERJA FINANSIAL (STUDI KASUS PRIVATISASI DAN STOCK BUYBACK PADA BUMN GO PUBLIC SEKTOR KONSTRUKSI). S2 thesis, Universitas Mercu Buana Jakarta.

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Abstract

Most of empirical studies examining privatization effects find that privatisation yields improvement in operating and financial performance, but one a handful document find empirical evidences about the affection of stock buybach to operating nor financial performances. Government, as the policy maker shoule have the accurate and valid justification about the implication of ownership structure for performance of state owned enterprises (SOE) in Indonesia known as BUMN. This research has the different with the similar researches before because used the affection of privatisation and stock bayback of SOE which reflect the change of ownership structure to financial performance (proxied by current ratio, leverage ratio, and operating profit margin). It was predicted to be significantly negative correlation. The objective of this research is to analyse the ownership structures implication for financial performance from construction go public SOE. Thi research used secondary data from annually report of all listing SOE construction sector. The total population as research object are 2 units consist of PT Adhi Karya, Tbk. and PT Wijaya Karya, Tbk. The result of this research find that ownership structure variables have positive relationship with firm financial performance Privetisation have positive and significant relationship with firm financial performance. Stock buyhack have negative but no significant relationship with firm finencial performance. There is no significant differences between the affection of privatization and stock buybac to firm financial performance. Keyword: ownership structure, privatisation, stock buyback, state owned enterprises, financial performance

Item Type: Thesis (S2)
NIM/NIDN Creators: 55508110011
Divisions: Pascasarjana > Magister Akuntansi
Depositing User: RIZKY MIJKA EDELWEIS
Date Deposited: 18 Oct 2025 08:26
Last Modified: 18 Oct 2025 08:26
URI: http://repository.mercubuana.ac.id/id/eprint/99461

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